IMF: The war in Ukraine will have a ‘serious impact’ on the world economy

The International Monetary Fund (IMF) said on Saturday that it was expected to approve Ukraine’s request for $ 1.4 billion in emergency funding to its board early next week and that it was in talks with neighboring Moldovan authorities on funding options. , Reuters reported.

In a statement, he said that the war in Ukraine had already led to rising energy and grain prices and had sent a wave of more than 1 million refugees to neighboring countries, and had brought unprecedented sanctions on Russia from the West.

“While the situation remains extremely fluid and the outlook is extremely uncertain, the economic consequences are already very serious,” the IMF said. “The ongoing war and related sanctions will also have a serious impact on the world economy.”

Source: Capital

You may also like